ISSAQUAH, WA — Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported net sales of $7.25 billion for the month of July, the four weeks ended July 29, 2012, an increase of eight percent from $6.74 billion during the similar period last year.
For the forty-eight weeks ended July 29, 2012, the Company reported net sales of $87.71 billion, an increase of nine percent from $80.18 billion during the similar period last year.
Comparable sales for these periods were as follows:
4 Weeks 48 Weeks --------- --------- U.S. 7% 7% International 0% 6% Total Company 5% 7% ========= =========
Deflation in gasoline prices had a negative impact on comparable sales for the four-week period, while inflation in gasoline prices had a positive impact for the forty-eight week period; foreign currencies had a negative impact for both periods. Excluding these effects, comparable sales for these periods were as follows:
4 Weeks 48 Weeks --------- --------- U.S. 8% 6% International 7% 9% Total Company 7% 6% ========= =========
Additional discussion of these sales results is available in a pre-recorded telephone message. You can access the recording by dialing 1-855-859-2056 (conference ID 28779893). This message will be available today through 5:00 p.m. (PT) on Friday, August 3, 2012.
Costco currently operates 605 warehouses, including 438 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open up to an additional three new warehouses prior to the end of its fiscal year on September 2, 2012.
Certain statements contained in this document and the pre-recorded telephone message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), energy, and certain commodities, geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
© Marketwire 2012
Wholesale Flights: Business Class Flights More Comfortable Than Ever Before - 24-7PressRelease.com
NEW YORK, NY, August 01, 2012 /24-7PressRelease/ -- Although the act of plane travel was once a luxurious and anticipated experience, today's airline practices have evolved into a commute that many consumers find uncomfortable. Even those who have opted for the more expensive business class upgrade have found that there was typically not adequate room, comfort or convenience in the "high-grade" seating offered by many major airlines. According to a recent article from eTN, Lufthansa has conducted extensive market research and has responded with improved business class features. Wholesale Flights, a travel-booking resource, explains that such advantages are necessary to create consumer consistency and commends the company for listening to its customers.
Since the launch of its hands-on concierge approach, Wholesale Flights has shown just how important assessing customer needs is. The company offers a unique "Business Class Flight Search" that allows online users to find such seating for up to 70 percent off the original price. In a recent press statement the company explained, "Business class is an essential part of traveling, and unfortunately, many airlines have failed to live up to consumer expectations. For professionals who travel on a frequent basis, comfortable seating not only allows for a more enjoyable flight, but helps individuals stay well-rested and relaxed throughout their busy schedules."
Lufthansa has responded to consumer feedback by creating a whole new flight experience for travelers. Using a V-formation, the new seats can lay flat and turn away from each other to allow the passenger to lie down and still maintain distance from their neighbor. The article also explains that the seats are designed for optimal space in every direction. It states, "For window seat passengers, these seats are a dream come true. The space between your row and the one in front is so generous [that] you will have no problems getting in or out - even if your neighbor's seat is fully extended!" One Wholesale Flights representative states, "Privacy is extremely important to our customers, and Lufthansa's Business Class provides not only that, but also an advanced opportunity to relax."
The company explains that Lufthansa has set a strong example of how airlines should carry out business - by listening to the consumer. "Wholesale Flights users continue to take advantage of our services, because we understand the value of finding the lowest rates and being able to organize travel through the convenience of modern technology. Travelers, who book through our website, will get in-depth price comparisons and have the opportunity to address important travel details, including hotel reservations and car rentals." The company expects that several major airlines will eventually respond with similar accommodations in response to Lufthansa's efforts.
ABOUT:
Wholesale Flights is an Internet-based travel company that provides clients with discounted first and business class rates. With exclusive deals on tickets, the organization assists travelers in securing a comfortable, convenient, and affordable flight. The company also offers one-stop travel services regarding cruises, car rentals, and hotels.
To view current specials, visit www.wholesale-flights.com.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com
# # #
Read more Press Releases from Michael McGarety:
- Rev. Andre Allen: Strong Leaders Front the Community Schools Movement
- Manmeet Poonam Sandhu Considers the Politics of the Green Movement
- Lance Denha: Mediation Offers Alternative to Foreclosure
- Ron Olsthoorn Explains Advantages of Customized Life Insurance
- Kerr & Wagstaffe: iPad Case Highlights Importance of Intellectual Property Law
- GWC Valve International Highlights Growing Oil, Gas Production in South America
- James Maniscalco: Not All Motorcyclists Are Involved in Criminal Activity
- Boothe Eye Care: In Ocular Surgery, Patient Care is Essential
- United Water Restoration Group Offers Solutions to Victims of Tropical Storm Debby
- Marnie Bennett Explains Appeal of Celebrity Homes
I know Adam everyone knows but it happens bcz bale wants to be injured isn't it ?
- sukhi sandhu LFC, Liverpool, 29/7/2012 00:14
Report abuse